First Lien Revolving Facility definition

First Lien Revolving Facility means (i) the Existing Credit Agreement as amended, restated, supplemented, waived, replaced (whether or not upon termination, and whether with the original lenders or otherwise), restructured, repaid, refunded, refinanced or otherwise modified from time to time after the Existing First-Lien Issue Date, including any agreement or indenture extending the maturity thereof, refinancing, replacing or otherwise restructuring all or any portion of the Indebtedness under such agreement or agreements or indenture or indentures or any successor or replacement agreement or agreements or indenture or indentures or increasing the amount loaned or issued thereunder or altering the maturity thereof, and (ii) whether or not the credit agreement referred to in clause (i) remains outstanding, if designated by the Company to be included in the definition of “First-Lien Revolving Facility,” one or more (A) debt facilities or commercial paper facilities, providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to lenders or to special purpose entities formed to borrow from lenders against such receivables) or letters of credit, (B) debt securities, indentures or other forms of debt financing (including convertible or exchangeable debt instruments or bank guarantees or bankers’ acceptances), or (C) instruments or agreements evidencing any other Indebtedness, in each case, with the same or different borrowers or issuers and, in each case, as amended, supplemented, modified, extended, restructured, renewed, refinanced, restated, replaced or refunded in whole or in part from time to time; provided that upon consummation of the Refinancing Transactions, the “First-Lien Revolving Facility” shall refer to the New First-Lien Revolving Facility.

First Lien Revolving Facility the First Lien Revolving Commitments and the extensions of credit made thereunder.

First Lien Revolving Facility means the $75,000,000 first priority secured revolving facility provided for under the First Lien Credit Agreement.

Examples of First Lien Revolving Facility in a sentence

• On the Effective Date, the Debtors shall enter into the First Lien Credit Agreement Amendment, which shall, among other things, on the Effective Date, or as soon thereafter as is practicable, convert all Allowed First Lien Revolving Facility Claims held (directly or indirectly) by the First Lien Lenders into First Lien Term Loan Claims (the “Converted Term Loan Claims”).

• For the avoidance of doubt, after the conversion of the Allowed First Lien Revolving Facility Claims and the contribution and exchange of Allowed First Lien Term Loan Claims (as described in Section 5.1 of the Plan), the Remaining Term Loans shall be governed by the First Lien Credit Agreement Amendment.

• Under the prepetition First Lien Revolving Facility, JPMorgan Chase Bank, N.A., in its capacity as L/C Issuer, issued a letter of credit for the benefit of Epson America, Inc., a contract counterparty, in the amount of $5 million (the “JPM Letter of Credit”).

• Upon the effectiveness of the First Lien Revolving Facility, each Revolving Lender’s Revolving Loan Commitment hereunder shall be deemed automatically reduced on a dollar for dollar basis by an amount equal to the aggregate principal amount of such Revolving Lender’s commitment in respect of the First Lien Revolving Facility; provided, the aggregate principal amount of the reductions to the Revolving Loan Commitments shall not exceed $8,000,000.

• Prior to the Petition Date, the Company had generally used the proceeds of the First Lien Revolving Facility for permitted capital expenditures, to meet ongoing working capital requirements, and for general corporate purposes.

More Definitions of First Lien Revolving Facility

First Lien Revolving Facility the “Revolving Facility” as defined in the First Lien Credit Agreement.

First Lien Revolving Facility means the Revolving Credit Facility (as defined in the First Lien Credit Agreement) established pursuant to Section 2.2 of the First Lien Credit Agreement.

First Lien Revolving Facility means the first priority senior secured revolving loan and letter of credit facility made to the Borrower pursuant to the First Lien Credit Agreement in an aggregate principal amount not exceeding $25,000,000.

First Lien Revolving Facility means the $50,000,000 senior secured first lien revolving facility under the First Lien Credit Agreement

First Lien Revolving Facility means the First Lien Multicurrency Revolving Facility and the First Lien US Revolving Facility;

First Lien Revolving Facility means the revolving credit facility provided for under the First Lien Credit Agreement.

First Lien Revolving Facility means the revolving credit facility evidenced by that certain First Lien Revolving Credit Facility to be dated no later than August 16, 2013 by and among the Borrower, the other Credit Parties party thereto, First Lien Revolving Agent and the financial institutions from time to time party thereto as lenders or letter of credit issuers thereunder.